Trading Edges That Last
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Lawrence's Comment Recap First week of the year found resistance at Y-0 and selloff down to Y-3. Closed the week near Y-3 and week low. Outlook USD strength across the board against ...READ MOREPrecog Vision – Forex 2013-10-2Dow 30 Nov 21 to Nov 25 OutlookPrecog Vision – Forex 2015-5-22Precog Vision – Forex 2011-8-19Precog Vision – Forex 2020-4-21EURUSD Sep 21 to Sep 25 OutlookIntraday Cycle Projection (USDJPY) 2013-07-08GBPUSD Jan 11 to Jan 15 Outlook3DP Odds Table (USDJPY) 2020-08-263DP Odds Table (USDJPY) 2020-09-25
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USDJPY Sep 24 to Sep 28 Outlook
Lawrence’s Comment
Early in the week just continued to shoot higher and tagged Y+2 target. Failed to hold above Y+2 and collapsed back down below Y+1 and completed 100% absolute range expansion. Closed the week above Y-0.
Outlook
Y-0 was never challenged. Hence we cannot tell if buyers would show up there. Since 100% absolute range expansion stopped the pullback so far, it is reasonable to expect B-1 to act as support for a retest of at least B-0 and likely B+1.
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